For Sale
$1,700,000

335 Main St Greenville, PA 16125

High-yield Greenville retail pharmacy

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a single-tenant, 11,200 square foot Rite Aid pharmacy located at 335 Main St, Greenville, Pennsylvania, 16125. The property sits on a 1.35-acre lot and boasts a strong 100% occupancy rate with a current gross lease in place. The lease commenced September 1st, 2024, and has a remaining term of approximately 4.1 years, expiring December 31st, 2028. The current lease provides a substantial Net Operating Income (NOI) of $192,804, yielding an attractive 11.34% capitalization rate. The asking price is $1,700,000, translating to a land value of $152 per square foot. Six five-year lease options are included, providing long-term stability and predictable income growth. This well-established pharmacy benefits from its location in Mercer County, Pennsylvania, and offers a secure investment with a proven tenant and a considerable remaining lease term. The property is a single building and represents a compelling opportunity for investors seeking a stable, high-yield retail investment in a desirable location. Detailed financial information is available upon request.

Highlights

  • 11,200 SF Rite Aid pharmacy on a 1.35-acre lot in Greenville, PA.
  • 100% occupancy with a strong, current gross lease.
  • 4.1 years remaining on the lease (expiring 12/31/2028), plus six 5-year options.
  • $1,700,000 asking price; $192,804 NOI; 11.34% cap rate.
  • Located at 335 Main St, Greenville, PA 16125.

Property Details for 335 Main St

Property type
Retail properties, Drug stores
Buildings
1
Lot Size (sq. ft)
58,806 SF

Location Insight

City
Greenville
County
Mercer
State
Pennsylvania
Latitude
41.4078227
Longitude
-80.3790685

FAQs

What type of property is this?
Retail property - High-yield Greenville retail pharmacy
Where is the retail property located?
The property is located at 335 Main St Greenville, PA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 11,200 SF Rite Aid pharmacy on a 1.35-acre lot in Greenville, PA.; 100% occupancy with a strong, current gross lease.; 4.1 years remaining on the lease (expiring 12/31/2028), plus six 5-year options.
How can I contact the broker?
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335 Main St
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